Many can be expected to fail in their efforts to acquire monopoly positions, earning perhaps no more than normal profits
(or even less).
A Bertrand duopoly situation is assumed in a discrete-time framework where both firms earn at least normal profits
in the initial time period.
The normal profit
margin in the used gun field is a minimum of a full 50 percent markup.
According to Chris Paschall, Vice President Refining for Industrial Info, "As long as refiners continue to experience higher than normal profit
margins, investments in hydrotreating capacity will continue to grow.
4 million of normal profit
(an accounting convention that requires all contracts acquired to be recorded at fair value) compared to $15.
The fourth quarter returned us to more normal profit
margin levels, but with so much volatility in the world oil markets, it's difficult to predict where our margins will be on a quarter-to-quarter basis.
7 million of normal profit
- an accounting convention that requires all contracts acquired to be recorded at fair value - compared to $12.
We do not expect to realize our normal profit
margin on the sale of the new units, but the contract will help offset part of the investment we are making in the development of the new product.
Adjusted EBITDA (earnings, excluding normal profit
, before interest, taxes, depreciation, amortization, and bankruptcy related items) for the year was $147.
In addition to its equity participation in the profits of the partnership, MDECHEM will receive a technology fee equal to 10% of all pre-tax, net profits of the partnership for a period of seven years from date of signing as well as normal profit
Our first quarter results reflect a return to normal profit
levels after the special charges taken in the fourth quarter of 1992.
51 per basic and diluted share - and EBITDA (earnings, excluding normal profit
, before interest, taxes, depreciation, amortization, and bankruptcy related items) of $42.
37 per diluted share -- and EBITDA (earnings, excluding normal profit
, before interest, taxes, depreciation and amortization) of $29.
The decline in operating income for the six month period was due to higher than normal profit
in the 1991 quarter on commercial aircraft programs and to the absence of results for AM General, offset in part by lower health care costs and increased activity on various missile programs.
The company reported strong performance in revenues, gross profit, EBITDA (earnings, excluding normal profit
, before interest, taxes, depreciation and amortization), and net income that were in line with preliminary results reported on May 15, 2002.